Madras High Court Holds Late Fee Under Section 47 GST Act Applies to Delay in Filing GSTR-9C Reconciliation Statement
The Madras High Court has ruled that failure to file the reconciliation statement in Form GSTR-9C along with the annual return constitutes non-filing of returns under Section 44 of the GST Act, thereby attracting a late fee under Section 47. The Court clarified that the statutory scheme mandates filing GSTR-9C for eligible taxpayers, and late fees are applicable for delays.
